2026-08-17T12:56:13-05:00 2025-09-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2024-10-01 223032456 NORTH AMERICAN CATHOLIC EDUCATIONAL PROGRAMMING FOUNDATION INC NORT 4019341100 2419 HARTFORD AVENUE JOHNSTON RI 02919 JOHN PRIMEAU PRESIDENT 4019341100 2026-08-17 1 1 CHRISTOPHER BARTLETT P00189632 4014214800 2026-08-14 2024 2025-03-06 01:10:19Z JOHN PRIMEAU 2419 HARTFORD AVENUE JOHNSTON RI 02919 39313186 0 X WWW.NACEPF.NET X 1989 RI NACEPF'S EDUCATIONAL BROADBAND SERVICE ("EBS" 47 CFR 27.1203), FORMERLY TERMED INSTRUCTIONAL TELEVISION FIXED SERVICE ("ITFS" 47 CFR 74.901), PROVIDES EDUCATIONAL AND RELIGIOUS PROGRAMMING AND BROADBAND ACCESS SERVICES TO SCHOOLS, LIBRARIES, HEALTH, HOUSING AND REHABILITATION FACILITIES, AND OTHER PUBLIC INSTITUTIONS AND NONPROFIT ORGANIZATIONS. 2 0 50 0 62185 51376 0 0 18237769 14997661 2301214 1909070 275130 3281161 20814113 20187892 11502291 12591745 0 0 2868519 2916623 0 0 0 3081033 4131795 17451843 19640163 3362270 547729 133172807 138611273 12304238 11296827 120868569 127314446 X NACEPF'S EDUCATIONAL BROADBAND SERVICE ("EBS" 47 CFR 27.1203), FORMERLY TERMED INSTRUCTIONAL TELEVISION FIXED SERVICE ("ITFS" 47 CFR 74.901), PROVIDES EDUCATIONAL AND RELIGIOUS PROGRAMMING AND BROADBAND ACCESS SERVICES TO SCHOOLS, LIBRARIES, HEALTH, HOUSING AND REHABILITATION FACILITIES, AND OTHER PUBLIC INSTITUTIONS AND NONPROFIT ORGANIZATIONS. 0 0 10000000 10000000 NACEPF PROVIDED A GRANT TO MARY'S MEALS, A NONPROFIT THAT PROVIDES ONE NUTRITIOUS DAILY MEAL IN A PLACE OF EDUCATION IN SOME OF THE POOREST AREAS OF THE WORLD. 64 MILLION OF THE WORLD'S HUNGRIEST CHILDREN DO NOT ATTEND SCHOOL. IN ORDER TO SURVIVE, THEY HAVE TO BEG OR WORK. WITH MARY'S MEALS PROGRAM, CHILDREN ARE MOTIVATED TO ATTEND SCHOOL TO RECEIVE A MEAL WHILE MAKING THE MOST OF THEIR EDUCATION. NACEPF'S DONATION ENABLED MARY'S MEALS TO FEED AND SUPPORT AN ADDITIONAL 660,000 CHILDREN OVER 1,300 SCHOOLS IN ETHIOPIA, HAITI, LIBERIA, MADAGASCAR, MALAWI, SOUTH SUDAN, ZAMBIA, AND ZIMBABWE. 2681773 267768 17728441 PROVIDED 4G AND 5G HIGH-SPEED, FREE OR LOW-COST, MOBILE BROADBAND SERVICE TO SCHOOLS, LIBRARIES, NONPROFITS, SOCIAL WELFARE AND HEALTHCARE ORGANIZATIONS TO INCREASE EDUCATIONAL AND WORKFORCE DEVELOPMENT OPPORTUNITIES, DIGITAL LITERACY, AND BROADBAND AVAILABILITY IN BOTH METROPOLITAN AND RURAL AREAS THROUGHOUT THE UNITED STATES. WE PROVIDED CRITICAL BROADBAND SERVICE TO MORE THAN 11,020 EDUCATIONAL AND NONPROFIT ORGANIZATIONS ACROSS ALL 50 STATES, WASHINGTON DC, AND PUERTO RICO. OUR UNLIMITED BROADBAND ACCOUNTS DELIVERED MORE THAN 33,563,174 GB OF DATA TO KEEP COMMUNITIES CONNECTED WHEN AND WHERE THEY NEEDED IT. 2065785 970977 488196 MOBILE BEACON DONATED 10,644 DEVICES TO SCHOOLS, LIBRARIES, NONPROFITS AND EDUCATIONAL INSTITUTIONS DURING THE FISCAL YEAR. WITH THESE DONATED DEVICES AND REDUCED-COST, UNLIMITED DATA PLANS, THESE ORGANIZATIONS HAD THE BROADBAND ACCESS THEY NEEDED TO FULFILL THEIR MISSIONS, EXPAND PROGRAM SERVICES IN THEIR COMMUNITIES, AND CONNECT THEIR CONSTITUENTS WHO OTHERWISE LACKED ACCESS TO TECHNOLOGY. 1353000 1353000 DURING THIS FISCAL YEAR, NACEPF AND BUILDON CONTINUED THEIR CRUCIAL WORK, PROVIDING EQUITABLE ACCESS TO EDUCATION FOR CHILDREN AND ADULTS THROUGH NACEPF'S GRANT, WHICH FUNDED THE CONSTRUCTION OF 20 SCHOOLS IN EIGHT DEVELOPING COUNTRIES WITH 3,698 STUDENTS ATTENDING. EACH SCHOOL WAS BUILT IN PARTNERSHIP WITH THE COMMUNITY IT SERVED AND THE COMMUNITY COMMITTED TO EDUCATE BOYS AND GIRLS IN EQUAL NUMBERS. THROUGH THE ADDITION OF THESE NEW SCHOOLS, LEARNING CONDITIONS HAVE IMPROVED, ATTENDANCE AND PASS RATES HAVE RISEN, AND MORE CHILDREN HAVE BEEN ENROLLED IN SCHOOL. ADDITIONALLY, NACEPF ALSO FUNDED THE LAUNCH OF 15 ADULT LITERACY PROGRAMS DURING THE FISCAL YEAR, WHICH PROVIDED 574 ADULTS WITH THE EDUCATION AND SKILLS NEEDED TO BETTER THEIR OWN LIVES AND POSITIVELY CONTRIBUTE TO THEIR COMMUNITIES. TO DATE, NACEPF HAS NOW FUNDED THE CONSTRUCTION OF 80 PRIMARY SCHOOLS AND LAUNCHED 50 ADULT LITERACY PROGRAMS THROUGH ITS PARTNERSHIP WITH BUILDON. 506126 THE CENTER FOR DISEASE CONTROL CITES TWO MAJOR EFFECTS OF HUNGER ON ACADEMIC PERFORMANCE: THE INABILITY TO FOCUS AND EXCESSIVE ABSENCES DUE TO ILLNESS. RHODE ISLAND COMMUNITY FOOD BANK REPORTED THAT 2 IN 5 HOUSEHOLDS IN RI LACK ADEQUATE FOOD, DEMAND FOR FOOD ASSISTANCE GREW 9% FROM THE PREVIOUS YEAR, AND 38% OF HOUSEHOLDS ARE FOOD INSECURE. NACEPF'S CHARITABLE CONTRIBUTIONS FROM THE VEGETABLE PRODUCE IT GROWS ON ITS ACREAGE ADDRESSES SOME OF THE ROOT CAUSES THAT IMPEDES ACADEMIC SUCCESS BY DISTRIBUTING 288,718 UNITS OR BUNDLES OF VEGETABLE PRODUCE TOTALING 22,311 POUNDS IN WEIGHT TO LOCAL AREA SOUP KITCHENS AND FOOD DISTRIBUTION CHARITIES THAT SERVE THE POOR, NEEDY, AND HOMELESS IN RHODE ISLAND. 1859126 1353000 16606684 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 12 0 1 50 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 2 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X JOHN RPRIMEAU NACEPF INC 4019341100 2419 HARTFORD AVENUE JOHNSTON RI 02919 JOHN PRIMEAU PRESIDENT, TREASURER & DIR 60.00 X X 179405 0 33492 IRENE PRIMEAU DIRECTOR 0.10 X 0 0 0 KATHERINE PRIMEAU V. PRESIDENT, SECRETARY & 42.00 X 149094 0 24956 LUZ CRISTINA GRAHAM DIRECTOR OF OPERATIONS, AD 43.00 X 174807 0 29955 LAUREN YERGEAU MARKETING & COMMUNICATIONS MANAGER 42.00 X 101226 0 17184 604532 0 105587 4 0 1 0 FIONTA PO BOX 66794 WASHINGTON DC 200356794 SOFTWARE DEVELOPMENT 772260 SALESLABX LTD CO 3004 FONTANA DR AUSTIN TX 78704 SOFTWARE DEVELOPMENT 367159 LAW OFFICE OF THOMAS J DOUGHERTY JR 820 N POLLARD ST 304 ARLINGTON VA 22203 LEGAL SERVICES 207603 WILLCOX & SAVAGE PC 440 MONTICELLO AVE SUITE 2200 NORFOLD VA 23510 LEGAL SERVICES 179428 FLETCHER HEALD & HILDRETH PLC 1300 NORTH 17TH ST 11TH FLOOR ARLINGTON VA 22209 LEGAL SERVICES 114665 5 ITFS/EBS BROADBAND SPECTRUM 611710 9942723 9942723 EBSA - MOBILE BEACON 611710 5054938 5054938 14997661 2513292 2513292 62185 0 62185 62185 62185 17511000 18115222 -604222 -604222 -604222 4229048 1010072 3218976 3218976 20187892 18216637 62185 1909070 12591745 12591745 326112 133397 192715 1809590 812725 996865 306643 135844 170799 359087 159077 200010 115191 51030 64161 1110027 514791 595236 65853 58194 7659 188798 187314 1484 58504 49824 8680 161487 157363 4124 1443159 879422 563737 73371 38776 34595 23092 23092 648490 634280 14210 75208 35016 40192 REPAIRS 70330 30834 39496 UBI TAX 29521 29521 FARMING 2286 2286 181669 111674 69995 19640163 16606684 3033479 0 37597925 45418414 65966974 5003849 465238 464088 251596 819152 7745759 1811020 5905500 5934739 16088718 74607185 6896856 6363846 133172807 138611273 25927 12304238 11270900 12304238 11296827 X 0 0 0 0 120868569 127314446 120868569 127314446 133172807 138611273 547729 5898148 0 X 0 0 0 X 19481201 20499857 20370031 19735334 19226709 99313132 19481201 20499857 20370031 19735334 19226709 99313132 0 0 0 99313132 1553058 1053352 2843919 3134603 2513292 11098224 46288 55066 101354 1553058 1053352 2843919 3180891 2568358 11199578 21034259 21553209 23213950 22916225 21795067 110512710 0.89870 0.90990 0.10130 0.09010 X 0 0 17318092 17318092 1000000 250000 0 0 556897 746395 1000000 1000000 3303292 4954938 0 0 0 0 139224 186599 250000 250000 825823 1238735 1081418 1081418 5379521 572122 4807399 1044073 1039130 4943 240747 199768 40979 5934739 1 CATHOLIC RELIEF SERVICES 228 WEST LEXINGTON ST BALTIMORE MD 21201 135563422 501(C)(3) 60000 0 TO PROVIDE AID TO THE POOR AND VULNERABLE AROUND THE WORLD REGARDLESS OF CREED, RACE, OR NATIONALITY. MARY'S MEALS USA INC 75 ORCHARD STREET BLOOMFIELD NJ 07003 331215331 501(C)(3) 10000000 0 TO PROVIDE EVERY CHILD WITH ONE NUTRITIOUS MEAL IN A PLACE OF EDUCATION. MISSION DOCTORS ASSOCIATION 3435 WILSHIRE BLVD SUITE 1940 LOS ANGELES CA 90010 956110132 501(C)(3) 24000 0 TO PROVIDE LIFESAVING MEDICAL CARE AROUND THE WORLD. HOLY FAMILY HOME 4 GIBBS ST NORTH PROVIDENCE RI 02904 474758057 501(C)(3) 250000 0 TO PROVIDE ASSISTANCE TO HOMELESS WOMEN AND CHILDREN. MEMPHIS BUSINESS ACADEMY ELEMENTARY 1082 BERCLAIR MEMPHIS TN 38122 201195290 501(C)(3) 0 18284 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION RHODE ISLAND STATE RIGHT TO LIFE COMMITTEE INC PO BOX 28285 PROVIDENCE RI 02908 050394673 501(C)(4) 20000 0 TO PROMOTE PROGRAMMING CONGRUENT WITH OUR MISSION ST PATRICK ACADEMY 244 SMITH STREET PROVIDENCE RI 02908 050348697 CHURCH 150000 0 TUITION ASSISTANCE ENSURING ALL STUDENTS RECEIVE A COLLEGE-PREPARATORY EDUCATION. SANTA CRUZ PUBLIC LIBRARIES 224 CHURCH STREET SANTA CRUZ CA 95060 946000427 GOVERNMENT 0 5022 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION ELK GROVE VILLAGE PUBLIC LIBRARY 1001 WELLINGTON AVENUE ELK GROVE VILLAGE IL 60007 366009448 GOVERNMENT 0 13056 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION SAGE OAK CHARTER SCHOOL 1473 FORD STREET 105 REDLANDS CA 92373 474121914 501(C)(3) 0 5022 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION CESAR CHAVEZ FOUNDATION - EDUCATION FUND PO BOX 62 KEENE CA 93531 952466747 501(C)(3) 0 18654 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION DALLAS INNOVATION ALLIANCE 311 N MARKET STREET 200 DALLAS TX 38127 815161144 501(C)(3) 0 18284 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION ACADEMY FOR URBAN SCHOLARS 1808 E BROAD ST COLUMBUS OH 43203 272039301 501(C)(3) 0 18284 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION CORE BUTTE INC 2847 NOTRE DAME BLVD CHICO CA 95928 510632611 501(C)(3) 0 17572 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION DEVELOPING DREAMS FOUNDATION INC 9715 W BROWARD BLVD 186 PLANTATION FL 33324 743237801 501(C)(3) 0 18284 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION HENRY COUNTY LIBRARY SYSTEM 1001 FLORENCE MCGARITY BLVD MCDONOUGH GA 30352 581940945 GOVERNMENT 0 9120 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION OSHEAN INC 301 METRO BLVD WARWICK RI 02886 050509325 501(C)(3) 0 5297 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION DAYTON METRO LIBRARY 215 E 3RD ST DAYTON OH 45402 316000100 GOVERNMENT 0 8537 COST LAPTOPS AND/OR LTE DEVICES AND HOTSPOTS TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION BUILDON INC 1111 SUMMER ST STE 602A STAMFORD CT 06905 223128648 501(C)(3) 1353000 0 BUILT PRIMARY SCHOOLS AND PROVIDED ADULT LITERACY PROGRAMMING SIMAMA INTERNATIONAL 2025 OFARRELL ST APT 2 SAN FRANCISCO CA 94115 482721078 501(C)(3) 150000 0 TO FEED AND EDUCATE 300 KENYAN CHILDREN 17 2 PART I, LINE 2: NACEPF HAS TWO DISTINCT MONITORING METHODS FOR THE USE OF GRANT FUNDS. FOR LARGE GRANT PROGRAMS, NACEPF REQUIRES DETAILED PROPOSALS THAT INCLUDE THE EFFECT THAT THE GRANT WILL HAVE ON THE COMMUNITY AND THE EXACT USE OF THE GRANTED FUNDS. WHEN AVAILABLE, NACEPF OBTAINS COPIES OF THE GRANTEES' 990'S AND ANNUAL REPORTS (INCLUDING AUDITED FINANCIAL STATEMENTS) FROM PUBLIC RECORDS. GRANTEES ARE ALSO REQUIRED TO PROVIDE REAL-TIME REPORTS ON USE OF FUNDS WHEN USING THE GRANTS ON ANY CONSTRUCTION PROJECTS. FOR SMALLER GRANTS, NACEPF HAS GRANTEES FILE A DETAILED APPLICATION THAT GOES OVER WHAT THEIR NEED IS AND HOW THEY WILL USE THE LAPTOPS, INTERNET SERVICE, OR FUNDS TO MEET THAT NEED. THEY ALSO REQUIRE THAT ORGANIZATIONS WHO RECEIVE THESE GRANTS FILL OUT A 6-MONTH PROGRESS REPORT AND ONE-YEAR FINAL REPORT THAT DEMONSTRATES HOW THE LAPTOPS, INTERNET SERVICE, AND/OR FUNDS WERE USED. NACEPF ALSO MONITORS DATA USAGE ON DEVICES AND WILL REQUIRE ORGANIZATIONS TO RETURN ALL EQUIPMENT IF THEY ARE NOT USING THE SERVICE FOR AN EXTENDED PERIOD. X X 0 0 0 0 0 0 0 0 0 JOHN PRIMEAU PRESIDENT, TREASURER & DIR 179405 0 0 0 0 0 26911 0 6581 0 212897 0 0 0 LUZ CRISTINA GRAHAM DIRECTOR OF OPERATIONS, AD 174807 0 0 0 0 0 26221 0 3734 0 204762 0 0 0 KATHERINE PRIMEAU V. PRESIDENT, SECRETARY & 149094 0 0 0 0 0 22364 0 2592 0 174050 0 0 0 PART I, LINE 3 THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDED COMPARABILITY DATA AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. JOHN PRIMEAU FAMILY MEMBER OF OFFICER 212896 EMPLOYMENT COMPENSATION 0 KATHERINE PRIMEAU FAMILY MEMBER OF DIRECTOR 174050 EMPLOYMENT COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 2 KATHERINE PRIMEAU, JOHN PRIMEAU, AND IRENE PRIMEAU HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED BY THE ORGANIZATION'S PRESIDENT JOHN PRIMEAU PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE FOLLOWING INDIVIDUALS: ANY DIRECTOR, OFFICER OR OTHER PERSON MANAGING THE AFFAIRS OF NACEPF, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST AS DEFINED IN THE POLICY ("INTERESTED PERSONS"). DISCLOSURE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE APPROPRIATE GOVERNING MANAGEMENT OR REPRESENTATIVE(S) THEREOF (NOT INCLUDING THE INTERESTED PERSON). DETERMINATION OF CONFLICT OF INTEREST AND PROCEDURES: AFTER DISCLOSURE AND ALL DUE DILIGENCE REFERENCED ABOVE, THE MATTER IS EITHER: A) REFERRED TO A PROFESSIONAL THIRD PARTY OR LEGAL EXPERT E.G. TAX ATTORNEY AND/OR CPA OR OTHER PROFESSIONAL/EXPERT ON SUCH MATTERS, OR B) INTERNALLY EVALUATED BY THE APPROPRIATE GOVERNING MANAGEMENT (NOT INCLUDING THE INTERESTED PERSON) BY REFERENCE TO RELEVANT LAW AND PRINCIPLES OF GOOD GOVERNANCE. CONFLICT OF INTEREST ISSUES: WHEN A CONFLICT OF INTEREST ISSUE ARISES THAT HAS NOT BEEN APPROPRIATELY REPORTED TO GOVERNING MANAGEMENT, GOVERNING MANAGEMENT MUST DETERMINE IF IT WAS: A) A WILLFULLY NON REPORTED CONFLICT OF INTEREST, OR B) NON REPORTED AS A CONFLICT OF INTEREST BECAUSE SUCH INTERESTED PERSON DID NOT REALIZE IT AS SUCH. IN BOTH INSTANCES GOVERNING MANAGEMENT IS TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND THEN IT SHALL TAKE APPROPRIATE DISCIPLINARY AND/OR CORRECTIVE ACTION WHICH IS TO BE DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDED COMPARABILITY DATA AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION OF OTHER KEY EMPLOYEES INCLUDED USING COMPARABILITY DATA GATHERED BY AN INDEPENDENT HR FIRM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. MISCELLANEOUS FOOTNOTE OTHER DISCLOSURES: NACEPF HOLDS EBS LICENSES IN 52 MARKETS ACROSS THE US, INCLUDING 8 LARGE METROPOLITAN AREAS, 18 MIDSIZE MARKETS, AND 25 RURAL, UNDERSERVED PARTS OF THE COUNTRY. WE PROVIDE SERVICE TO EDUCATIONAL AND NONPROFIT ENTITIES IN OUR EBS LICENSED AREAS THROUGH EXCESS CAPACITY LEASE AGREEMENTS THAT PROVIDE, AMONG OTHER THINGS, ACCESS TO THE COMMERCIAL LESSEE'S NATIONAL NETWORK. IN THE EVENT THAT CERTAIN BUILD-OUT OBLIGATIONS ARE NOT MET, OR WE WERE NO LONGER PROVIDED WITH ACCESS TO THE COMMERCIAL LESSEE'S NETWORK, AT THE EXPIRATION OF THE LEASES OR OTHERWISE, NACEPF COULD BE REQUIRED TO EXPEND SUBSTANTIAL CAPITAL TO BUILD AND OPERATE ITS OWN BROADBAND SYSTEM IN ORDER TO CONTINUE TO PROVIDE SERVICES TO EDUCATIONAL INSTITUTIONS AND OTHER NOT-FOR-PROFIT AND SOCIAL WELFARE ENTITIES. CHANGES IN TECHNOLOGY, THE REGULATORY ENVIRONMENT, AND THE MARKETPLACE HAVE TAKEN PLACE AND WILL CONTINUE TO TAKE PLACE, OVER THE REMAINING DURATION OF OUR LEASES, WHICH MAY ENTAIL ADDITIONAL AND SIGNIFICANT EXPENDITURES AT THAT TIME. NACEPF'S CASH RESERVES ARE INTENDED TO MAKE IT POSSIBLE FOR NACEPF TO MEET ITS REGULATORY OBLIGATIONS AND CONTINUE TO PROVIDE BROADBAND SERVICES EVEN IN THE ABSENCE OF A PARTNERSHIP WITH A COMMERCIAL LESSEE. NACEPF ALSO OBTAINED AN ADDITIONAL 107 2.5 GHZ LICENSES IN 84 COUNTIES IN THE FCC AUCTION 108 AND IT IS DEVELOPING PLANS TO MEET THE FCC'S 50% AND 80% BUILDOUT REQUIREMENTS AND PROVIDE 4G AND 5G BROADBAND SERVICE IN PRIMARILY RURAL, UNDERSERVED REGIONS OF THE UNITED STATES. EDUCATIONAL BROADBAND SERVICE AGENCY LLC DBA MOBILE BEACON CO M OLIVERIO 55 DORRANCE STREET SUITE 400 PROVIDENCE RI 02903 272858507 DEVELOP/EXPAND INST/PROG/ & EDUC. BROADBAND SVCS TO NONPROFITS & RURAL AREAS RI 3524760 28932143 NORTH AMERICAN CATHOLIC EDUCATIONAL PROGRAMMING FOUNDATION INC